FTI Consulting Employment Offer Letter to David G. Bannister for Sr. Vice President, Corporate Development
FTI Consulting offers David G. Bannister the position of Senior Vice President/Senior Managing Director in charge of Corporate Development, with a base salary of $300,000 per year, eligibility for a bonus program with potential earnings up to three times the base salary, an initial grant of 75,000 stock options, participation in a future equity program, full company benefits, and a company car. The position is based in Annapolis and reports directly to senior leadership. Bannister will join the Executive Committee and lead external growth activities. The offer was accepted on May 17, 2005.
Exhibit 10.2
 | FTI Consulting | |
| 900 Bestgate Road | ||
| Suite 100 | ||
| Dennis J. Shaughnessy | Annapolis, MD 21401 | |
| Chairman of the Board | ||
| 800 ###-###-#### toll free | ||
| 410 ###-###-#### direct | ||
| 410 ###-###-#### fax | ||
| ***@*** | ||
| www.fticonsulting.com | ||
May 17, 2005
Mr. David G. Bannister
205 Lugain Court
Baltimore, Maryland 21208
Dear David:
Jack and I are delighted to extend to you the following offer for employment at FTI.
| 1. | Position – Sr. Vice President/ Sr. Managing Director in charge of Corporate Development. |
| 2. | Base Compensation – $300,000 a year. |
| 3. | Bonus Opportunity – Participation in mutually designed bonus program with an earning opportunity of 3X your base salary upon achievement of goals. |
| 4. | Stock Options – Initial stock option grant of 75,000 shares to be augmented by participation in a new senior management equity program to be rolled out in the second half of 2005. |
| 5. | Benefits – Full company benefits. |
| 6. | Special Benefits – Company car. |
| 7. | Location – Initially, Annapolis. |
We are very enthusiastic about the potential of you joining FTI in a role which we feel will be extremely important to our long term growth. In the position of Sr. Vice President in charge of Corporate Development you will report directly to Jack and myself, have a seat on the Executive Committee, and be the primary responsible executive for the development and execution of our external growth activity through either corporate acquisitions or acquisitions of individual group practices.
I look forward to discussing this opportunity in detail with you and hope that we can develop a meeting of the minds so that you can quickly join the FTI team
| Best regards, | ||||
| /s/ Dennis J. Shaughnessy | ||||
| Dennis J. Shaughnessy | ||||
| Accepted: | ||||
| /s/ David G. Bannister | 5/17/05 | |||
| David G. Bannister | Date | |||
